23.02.2019

Office Space Sharing Agreement Template

Office Space Sharing Agreement Template Rating: 5,8/10 9437 votes

Office Sharing Agreements-- Attorney. In the Office Sharing Agreement. And that one doctor sub-leases space to the other doctors. Sample Office Sharing Agreement. For the practice of law between the parties or any other association between the parties other than a sharing of office space.

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Shared Office Agreement Template A 'how-to' guide for the Shared Office Space License Agreement This ‘how-to’ guide is designed to do give those parties entering into a shared arrangement a brief rundown of what the agreement is all about, how it works and what it means because, let’s face it, there is a lot of legal documents out there that just don’t make any sense at all. Futura std bold font free download. What is the point of this Agreement? The Sharedspace Licence Agreement is designed to put down on paper the arrangement between the party who has decided to share part of their commercial space (this is who we call the ‘Licensor’) and the person who has decided to use part of this space for their business (this is who we call the ‘Licensee’). The Agreement sets out the key terms agreed to between the two parties such as where and what the shared space is, how long the sharing arrangement shall be for, how much it will cost the Licensee and various other rights and obligations that both parties agree to.

This Agreement shall become effective ------------------------ on the effective date of that certain Contribution Agreement dated the date hereof, by and among the parties hereto, and shall terminate as to any of the Intelligroup Facilities (including the Premises) on the effective date of the termination contemplated by Section 1 or 2 hereof. Compliance with Leases. Intelligroup has provided to SeraNova a copy ---------------------- of the Edison, NJ Lease and each other Intelligroup Leases and SeraNova acknowledges receipt thereof.

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Sponsored Links SPACE SHARING AGREEMENT This Space Sharing Agreement (the 'Agreement') is made as of January 1, 2000, by and between Intelligroup, Inc., a New Jersey corporation ('Intelligroup') and SeraNova, Inc., a New Jersey corporation ('SeraNova'). Intelligroup is a party to a lease agreement (the 'Edison, NJ Lease') pursuant to which Intelligroup leases certain office space for its corporate headquarters (the 'Premises'). Intelligroup is a party to leases and/or subleases (the 'Intelligroup Leases') for other facilities (such facilities, together with the Premises, are collectively referred to herein as the 'Intelligroup Facilities') as listed on Exhibit A hereto. SeraNova desires to use a portion of the Premises and portions of the other Intelligroup Facilities and, subject to the terms and provisions herein, Intelligroup agrees that SeraNova shall be permitted to use a portion of the Premises and portions of the Intelligroup Facilities. NOW, THEREFORE, in consideration of the agreements set forth herein and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows: 1. Intelligroup agrees that SeraNova shall be permitted to use -------- a portion of the Premises for the purposes permitted under the Edison, NJ Lease subject to the terms and conditions set forth in this Agreement.

• Each of us is a sole owner of his or her business and we each will have our own stationery, telephone number, and professional liability insurance (if appropriate to our profession). None of us is responsible for any acts or omissions of any other tenant, unless we enter into a professional relationship with each other or do other types of work for or with one another. • If any of us has a conflict that we're not able to resolve through direct discussion, we agree to all sit down together and try to reach a resolution.

Intelligroup agrees that SeraNova shall be permitted to continue to use the portion of the other Intelligroup Facilities described on Exhibit A for the --------- purposes permitted under the applicable Intelligroup Leases, subject to the terms and conditions of this Agreement. SeraNova's right to use any Intelligroup Facilities (and its obligation to pay consideration therefore as required pursuant to Section 3 hereof) shall terminate upon termination of the applicable Intelligroup Leases.

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So long as SeraNova uses the Premises or any ------------- Intelligroup Facility, SeraNova shall pay to Intelligroup on the first day of each calendar month the amount shown on Exhibit A with respect to the Premises --------- or such Intelligroup Facility as the 'Monthly Allocable Rent.' The Monthly Allocable Rent set forth on Exhibit A is based upon the ratio of the number of --------- square feet occupied by SeraNova to the total number of square feet of the Premises or such Intelligroup Facility. In addition to the Monthly Allocable Rent, SeraNova shall pay to Intelligroup its proportionate share of any operational costs, common area maintenance charges, utilities and similar items not included in the Monthly Allocable Rent ('Additional Rent'). During the term of this Agreement, such Monthly Allocable Rent shall be adjusted, as to the Premises or any Intelligroup Facility, by the same percentage as any rent adjustment (including without limitation, for rent adjustments based on increases in operating expenses, common area maintenance charges and similar items) provided under the terms of the applicable Intelligroup Leases and/or Edison, NJ Lease, such increase to be effective on the date such increase becomes effective under the applicable Intelligroup Leases and/or Edison, NJ Lease. Payments for any partial calendar month shall be prorated on a per diem basis.

As a tenant, you want to make sure you are getting a fair deal, and are protected from any unpleasant surprises. Owners and managers want to ensure they are getting a return on their property, and that the tenant is reliable. You need to nail down the basics, like the amount of rent, due date, and length of the lease. You'll also want to lay how the tenant will use the space - and any prohibited uses.

Modification and Termination. ---------------------------- (a) Modification. If a party desires to increase or decrease the ------------ portion of the Premises or any Intelligroup Facility used pursuant to this Agreement, then SeraNova and Intelligroup will negotiate in good faith with respect to such increase and decrease and the adjustment to the Monthly Allocable Rent and Additional Rent resulting therefrom. Intelligroup covenants and agrees to offer to SeraNova the opportunity to use a portion of any new or expanded facilities leased by Intelligroup. Bala atibala mantra pdf. (b) Term; Termination Rights.

Leases are the lynchpin of any commercial real estate deal. Other names for this document: Office Space Lease Agreement, Commercial Office Space Lease. An Office Space Lease is a vital financial document for both parties. It's important to put everything on the table from the get-go. As a tenant, you want to make sure you are getting a fair deal, and are protected from any unpleasant surprises. Owners and managers want to ensure they are getting a return on their property, and that the tenant is reliable.

However, this agreement is just a guide, any clause in it can be changed to suit the arrangement between the parties because lets face it, every licence agreement is going to be different, you call the shots. Legal Stuff Because lawyers like to make things confusing for everyone, we have put together a brief explanation of some of the clauses in the agreement that may be a little bit confusing or need further clarification. Clause 1: Sets out where and what the shared space is and how it shall be used. Clause 2: The crux of this is that the parties acknowledge they both agree to license the shared space. Clause 3: There’s a difference between a lease and a licence, a lease gives the leassor rights and an interest in the property under NZ law, this is not a lease. Clause 5: The Licensee has a number of obligations to the Licensor, these are set out in this clause and include paying a fee (and possibly other costs as agreed to between the parties) and following the rules relating the use of the shared space.

If we can't, the people in conflict agree to attend at least one mediation session with a mediator they agree on, and to share the cost of the mediation. If this doesn't help to achieve resolution, we're each free to pursue whatever remedies we think are appropriate.

SeraNova's right to use any Intelligroup Facilities (and its obligation to pay consideration therefore as required pursuant to Section 3 hereof) shall terminate upon termination of the applicable Intelligroup Leases. So long as SeraNova uses the Premises or any ------------- Intelligroup Facility, SeraNova shall pay to Intelligroup on the first day of each calendar month the amount shown on Exhibit A with respect to the Premises --------- or such Intelligroup Facility as the 'Monthly Allocable Rent.' The Monthly Allocable Rent set forth on Exhibit A is based upon the ratio of the number of --------- square feet occupied by SeraNova to the total number of square feet of the Premises or such Intelligroup Facility. In addition to the Monthly Allocable Rent, SeraNova shall pay to Intelligroup its proportionate share of any operational costs, common area maintenance charges, utilities and similar items not included in the Monthly Allocable Rent ('Additional Rent').

Ben is an accountant, Suzanne is a financial planner, Marilyn and Tamara are lawyers, and Robyn is a web developer. • We agree that we will share the use of the office suite in order to save money and resources, and have the benefit of one another's knowledge, skills, experience, and company. • We'll share the entire suite at 2525 College Avenue as described in this Agreement. All of us will share use of the common areas, Ben and Suzanne will each have their own private office space, Tamara and Marilyn will share a single office as described below, and Robyn will use the space more occasionally, all as described in paragraph 7, below. • Only the people listed above are sharing the office space. • None of us may sublease our individual space without the consent of each of the other people who are sharing the space.

Other names for this document: Office Space Lease Agreement, Commercial Office Space Lease.

You need to nail down the basics, like the amount of rent, due date, and length of the lease. You'll also want to lay how the tenant will use the space - and any prohibited uses.

• Our lease on the office suite begins on July 1, 20xx and has a term of three years. We each intend to stay for the entire term of the lease. If any one of us wants to leave, that person is responsible for rent until a replacement tenant is found, and will participate in the group's decision on the best way to look for a replacement sharer. We'll agree at that time on a process for advertising the space and choosing the new tenant, and the person leaving will take the lead on doing the necessary tasks to find the new tenant. • Each of us is a lessor under the lease with our landlord, Janice Lubner, and we are jointly and severally responsible for the rent and any other expenses under the lease. • All five of us will share use of the common areas, including the reception area, kitchen, conference room, and the room we're describing as the administrative space.

Intelligroup and SeraNova hereby agrees not to take any action or fail to take any action in connection with its use of a portion of the Premises and the other Intelligroup Facilities a result of which would be Intelligroup's violation of any of the terms and conditions of the Edison, NJ Lease or such other Intelligroup Leases, the provisions of which are hereby incorporated by reference. SeraNova agrees to comply with the terms and provisions (other than with respect to payment of monies) of the Edison, NJ Lease and any other Intelligroup Leases with respect to its use of a portion of the applicable Intelligroup Facilities or Premises, it being understood, acknowledged and agreed that SeraNova's obligations to make payments on account of rent, additional rent, or operating expense or common area maintenance surcharges with respect to any and all Intelligroup Facilities or the Premises shall be governed the terms of this Agreement. Intelligroup represents and warrants to SeraNova that Intelligroup shall use its best reasonable efforts to obtain all landlord consents required to be obtained for Intelligroup to allow SeraNova to use portions of the Premises and Intelligroup Facilities, as provided herein, except where the failure to obtain such a consent would not be material. Modification of Leases.